Food-tech start-up Box8 raises INR 50 crore

Food technology start-up Box8 (Poncho Hospitality Pvt Ltd) has raised INR 50 crore in a Series B funding round led by IIFL Seed Ventures Fund, a unit of IIFL Holdings Ltd, and existing investor Mayfield Fund. The funding will be utilized to expand in cities where it is present and start operations in Delhi, Chennai and Hyderabad in the next 12 months.